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16 Nov

Kardemir sells 35,000t billet at higher prices

Kardemir published a new price list and opened domestic sales for billet on Thursday, Kallanish notes. 150mm square billet was increased by $18/tonne to $543-553/t ex-works, excluding 18% VAT, from the previous list issued on 18 October. Kardemir closed sales by noon after selling 35,000 tonnes. Although CIS-origin billet was sold at $510-515/t cfr Turkey at the beginning of the week and then at $515-520/t cfr on Wednesday, Turkish buyers preferred buyi…
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